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Press

Astonfield plans slew of solar PV units in India

Business Line 2009-11-23, Hyderabad

Astonfield Renewable Resources Ltd (ARRL) is eyeing India with a slew of solar photovoltaic power generation projects including in West Bengal, Andhra Pradesh, Rajasthan, Bihar and Karnataka.

The New York-based privately funded company is poised to take up work on the first phase of 100 MW of the planned 500 MW solar photovoltaic power plant at Kadiri in Anantapur district of Andhra Pradesh.

The company has also received approval from the Ministry for New and Renewable Energy to execute a 5 MW solar PV power plant in Bankura in West Bengal.

The Co-Chairman and Director of Astonfield, Mr. Ameet Shah, said that the construction of the 5 MW plant has already begun.

The company recently secured allotment of 600 acres at the Solar City Industrial Park at Kadiri.

Astonfield was allotted land during the recent Solarcon meet in Hyderabad organized by the Andhra Pradesh Industrial Infrastructure Development Corporation.

The company maintained that with the Union Cabinet approval of the Jawaharlal Nehru National Solar Mission, Astonfield is keen to play a role in the country’s plan to generate 20,000 MW of power from solar energy by 2022.

The Government announcement will have a major impact on how quickly and effectively the solar industry will take off in India. Though the cost of solar PV is expected to hit grid parity within a few years, it is imperative that the National Mission will provide the impetus, Mr. Shah said.

The company said that these approvals have come at the right time. It is planning to make significant investments in the country, the company said.